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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Technology can bolster workplace safety when paired with human accountability

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Organisations in South Africa’s industries such as mining and infrastructure are increasingly adopting technology solutions to enhance workplace health, safety and security, there is a clear need for these solutions to be pursued ethically and used to complement rather than replace human accountability and oversight.   This was highlighted by speakers in a Creamer Media webinar, ‘Health, Safety and Security’, held earlier this month.  

South Africa set to run coal stations longer as gas projects lag

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South Africa is poised to delay the retirement of about a fifth of its coal-fired electricity-generation capacity as gas projects earmarked to replace them remain behind schedule, contrasting a decline in use of the dirtiest fossil fuel in other developing nations. Africa’s largest economy, which relies on coal to generate about 80% of its electricity, had planned to shut 8 gigawatts of coal-fired capacity by 2030 according to its Integrated Resource Plan 2025, but the new capacity planned to take its place — 6 gigawatts of gas-powered generation — is behind schedule and tied up in legal processes.

Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’

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Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as the world’s largest-ever energy security crisis, precipitated by the closure of the Strait of Hormuz. Presenting the IEA’s eleventh World Energy Investment report, executive director Fatih Birol said that besides moves to domesticate energy supply amid a growing trust deficit, governments were also reshaping their investment strategies around diversification, electrification and energy efficiency.

South African central bank raises key rate by 25 basis points

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South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The majority of economists polled by Reuters had expected a 25-basis-point increase in the policy rate, after inflation accelerated sharply in April. Annual inflation was 4.0% in April, up from 3.1% in March, driven mainly by fuel price rises triggered by the US-Israel war against Iran. The South African Reserve Bank targets inflation of 3% with a tolerance band of 1 percentage point either side.
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